Racing Bet Types

WHAT IS FLEXI BETTING?

A flexi bet is a betting option that allows bettors to bet a percentage (%) of a betting unit rather than have to pay the bet cost for a full $1 unit. Flexi bets are usually used in combination with exotic bet types like quinellas, trifectas, first fours, quaddies and the big 6.

Flexi bets are used for pari-mutuel betting where the total betting pool is split amongst winning bets. All dividends declared for pari-mutuel bets are for a $1 unit. A bettor who wishes to take a 20% flexi bet on a quaddie will only pay 20% the cost of the quaddie bet. If successful, they will only receive 20% of the winning dividend.

FLEXI BET TYPES

A flexi bet can be used with the following bet types: quinella, trifecta, first four, quaddie and big 6. Each of these bet types is covered by Bet-Types.

FLEXI BET EXAMPLE

The example shows the cost of a big 6 for a full $1 unit and also for flexi bet of 20%. The minimum flexi bet is 1% of the total bet cost.

FLEXI BETTING IS OFFERED BY THE FOLLOWING BOOKMAKERS

The top Australian bookmakers now offer flexi betting. Each of the bookmakers listed below is recommended by Bet Types.